How have the shares performed?
ChargePoint Holdings Inc. (CHPT) saw downtrend of -3.87% in the recent trading with $24.35 being its most recent. The current price level -50.79% lower than the highest price of $49.48 marked by the stock while trading over the past 52-weeks, whereas it is 149.74% higher than the lowest price of $9.75 the company dropped to over past 52-weeks. The latest news story on CHPT appeared in Simply Wall St. under the title “What Type Of Shareholders Make Up ChargePoint Holdings, Inc.’s (NYSE:CHPT) Share Registry?” on May-29-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -9.21% below one month high and is +24.49% above of the lowest during that time. Looking into the simple moving average, ChargePoint Holdings Inc. (CHPT)’s stock stands at a SMA-50 of $23.92 while that of 5-day is reading $24.23.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CHPT’s SMA-200 as of now is $25.25.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 6 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.80 for the stock.
ChargePoint Holdings Inc. Earnings – What Happened With CHPT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. ChargePoint Holdings Inc. (CHPT) last released financial results for the quarter that ended 1/30/2021, posting a surprise factor of -59.30% for net revenue.
CHPT – ChargePoint Holdings Inc. Stock Earnings Estimates
The perspective of ChargePoint Holdings Inc. (NYSE:CHPT)’s current quarter earnings identifies that analysts are in consensus over the estimate of -1.08 for stock’s EPS in the current quarter. 3 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -1.72.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 306.83 million. CHPT does have institutional investors; and they hold 60.90% of the stock.
ChargePoint Holdings Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 29 new insider purchases involving 7,427,616 shares. On the other hand, CHPT declared 246,069 shares have been sold in 8 insider transactions over the past three months.
Currently, the stock has been recommended as Strong Buy by 6 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.80 for the stock.
ChargePoint Holdings Inc.’s return on equity, or ROE, is -140.60%, compared to the industry average of 3.97% for Consumer Cyclical – Specialty Retail. Although this indicates that CHPT fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of ChargePoint Holdings Inc. (NYSE:CHPT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for ChargePoint Holdings Inc. (CHPT), we notice that the stock’s 20-day average volume is at 3,757,425 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 6,623,668 shares. And to end, CHPT’s 100-day average volume is 5,237,021 shares with 50% of the long-term indicators pointing towards Sell for the stock.